Retail

boohoo plans to create 5,000 new jobs in the UK over the next five years.

The fast fashion retailer revealed a £500 million investment programme intended to grow the company’s customer base both in the UK and abroad.

boohoo will secure more warehouse space and invest in a smarter technology stack, according to the plans.

The new roles will primarily be in logistics, tech, HR and buying. 

In its Economic Impact Report, boohoo said around half of its sales currently come from international markets such as the USA and Australia.

boohoo, which came under fire last year following a Sunday Times investigation into its working practices – leading to several leading retailers dropping its clothes – acquired the Debenhams, Dorothy Perkins and Wallis brands earlier this year, taking its number of brands to 13.

The £55m deal for Debenhams did not take on the running of the iconic retailer’s physical stores or any of its staff.

Earlier this year the Manchester-headquartered firm slashed the number of clothing suppliers it works with to just 78 following an independent review.

“The growth this business has experienced over the last 15 years has been phenomenal,” said CEO John Lyttle.

“It has not been without its challenges, but it is right to celebrate the significant contributions the company makes to the towns and communities where we operate. 

“The investments we have planned will help us to continue our growth, increasing our customer base both at home and abroad, adding even more value as we do so.

“All of this has only been possible because of the amazing people who form our boohoo family. 

“I am so proud of the way they rise to every challenge and I look forward to growing together as we cement our position as leaders in global fashion eCommerce.”